Gulf Biotech and Hydrogen Investments Set for $33.52B by 2030
The Global Investment Summit expects Gulf investments in the biotechnology and renewable energy sectors to double from $16.67 billion in 2023 to $33.52 billion by 2030, reflecting a growth of over 100%. This includes increasing biotechnology investments from $6.3 billion to $10.75 billion, driven by rising demand for medical technologies and genetic research, as well as expanding Gulf healthcare and technological systems. Hydrogen investments are also set to grow from $10.37 billion to $22.77 billion to meet the global demand for low-emission hydrogen, leveraging the region’s capabilities in renewable energy production and developing its export infrastructure as part of economic diversification and sustainability efforts. Environmental, social, and governance standards will enhance project efficiency and generate long-term economic impact. Additionally, European investment flows to the Gulf are expected to reach $28.59 billion, encompassing the establishment of partnerships and joint projects to boost growth in energy and technology sectors through 2030.
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